Question: Only Experts Please!!!! Explanations are needed, please and thank you. Problem 2. (60 points) Dominic's supermarket chain sells Nut Flakes, a popular cereal manufactured by

Only Experts Please!!!! Explanations are needed, please and thank you.

Only Experts Please!!!! Explanations are needed,

Problem 2. (60 points) Dominic's supermarket chain sells Nut Flakes, a popular cereal manufactured by the Tastee cereal company. Demand for Nut Flakes is 750 boxes per week. Dominic's has a holding cost of 25 percent and incurs a fixed trucking cost of $300 for each replenishment order it places with Tastee. Assume the company operates 50 weeks a year. a (a) Given that Tastee normally charges $2.50 per box of Nut Flakes, how much should Dominic's supermarket chain order in each lot? (30 points) (b) Tastee runs a trade promotion, lowering the price of Nut Flakes to $2.15 for a month. How much should Dominic's supermarket chain order, given this short-term price reduction? What is the forward buy? (30 points)

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